“This 7,154-square-foot building has four lofts – 3 two-bedroom/two-bath units and the 1st floor loft which has three bedrooms, two baths, and a basement space. Each unit has a private elevator. The units have exposed brick, custom made kitchen cabinetry, concrete counter tops, and hardwood floors through out with original timber beams. Each unit has a washer/dryer. The listing itself has a fancy virtual tour you can take. Or you can browse these pics.”

Great article over at Fortune.com about Matterport and how it is disrupting the Real Estate Industry. Here are some excerpts:

Let’s say you’re in the market for a new home—but before driving all over the place (and spending more time in the car than in houses) you first want to whittle down the listings provided by your realtor.

Imagine, though, if you could strap on a VR headset and virtually walk through the houses on your list. Matterport’s existing technology lets you do this with a mouse and browser, but doing so via VR could make the experience even more interactive.

Matterport is hoping that the coming wave of virtual reality devices will revolutionize how people screen properties—and it already offers consumers the chance to explore select locations through the Samsung Gear VR headset.

“What Matterport does particularly well is we convey what it feels like to be in a space,” says Brown. “When you’re thinking about buying a home, the biggest tool people use now … is time. They drive all over the place , because that’s the only way to get a feeling of what it’s like to be in the space. What we do is try to give an immersive feeling to significantly reduce the amount of time they have to use to get a feel.”

If you are interested in trying the Gear VR | Matterport experience please contact us today to schedule a Demo. We are the first Matterport provider in Michigan and have already converted spaces into VR for customers in the Metro Detroit area .

Technology has the potential to shake up the real estate business and overhaul how you conduct showings in the future. Namely with Virtual Reality:

Samsung Gear VR has the capability of transporting you into a 3-D world, which could even include a home that’s for sale thousands of miles from where you are. You’ll feel like you are there as you look around the space. While virtual reality headsets have mostly been geared to the gaming industry in recent years, that could change in 2016.

Facebook’s Oculus Rift, Samsung’s VR Gear, and HTC Vive are among the VR products debuting at CES this year. More than 40 VR exhibitors are present at this year’s conference.

As these headsets are paired with more smartphones and other tech tools, businesses likely will unlock more practical applications for them. For example, some VR headsets could be used in conjunction with 3-D video cameras to capture virtual reality content, which could then be viewed with a Google Cardboard VR viewer or Samsung Gear VR.

Consumers are smarter and more tech-savvy than ever before. If your brokerage is not willing to raise the bar with the quality of agents who work there and the level of customer service offered, your current business model might not survive against the tidal wave of new technology that is about to wash over our already tech-saturated landscape.

Brokerages and agents who are overwhelmed, trapped or frankly ignoring technology will not be able to compete with teams who adapt and have made it a priority to improve customer service.

Because of on-demand services, people are going to stores less and less — Walmart’s stores may go to 10,000 square feet from 200,000 today, Swisher said. “What is that going to do to real estate if there is no big box retailer?”

Virtual reality will also be transformative for real estate, Swisher said. Though being engaged on VR platform is “very different” from being engaged on a website, it does mean “you don’t have to see the houses as much,” she said.

Artifical Intelligence “could replace real estate agents for sure … if it gets you what you want.”

St. Cece’s Bar & Restaurant in the Heart of Detroit’s Popular Corktown with dedicated parking. Three Parcels and Liquor License included in the sale. One block from the planned Tiger Stadium redevelopment site, and two blocks from the planned Checker Cab redevelopment site.

Owner of the David Whitney Building will share information about his projects as well as an overview of what is happening in Detroit Real Estate. Get up to date information on what’s developing in the Capitol Park District and an up to date perspective of the downtown real estate market. RSVP today and join us on the 17th at the Detroit Athletic Club

Love that quote. And it is so true when it comes to Realtors using VR to sell homes. It will be here a lot sooner then you think. Read some excerpts from the article below:

Right now, the rich and famous are touring homes in virtual reality—and in a few years, so could everyone.

VR also allows buyers throughout Asia and Europe to check out homes before flying in to finalize a deal. On the seller side, VR allows celebrities and owners of expensive homes to focus on only buyers with legitimate interest in purchasing.

“You could do real estate open houses with 360-degree views and have a client come to your office and check out 50 homes through a head-mounted display and then pick the top ones to visit in person,” Pachter says.